More than 13,900 jobs were introduced to the Dubai labour market.
This comes after the Department of Economic Development (DED) issued 4,763 licenses for various professional, commercial, industrial and tourism activities in October.
According to the Business Registration and Licensing (BRL) department at the DED, more than 68 per cent of the newly issued licenses were for professional purposes.
They also revealed 30.3 per cent were for commercial reasons, 1.1 per cent for tourism purposes and 0.5 per cent for industry related matters.
The top nationalities who secured these licenses were Bangladesh, India, Pakistan, Egypt, Jordan, Saudi Arabia, Sudan, UAE, Lebanon and France in that order.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.